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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Schedule of Information Related to Company's Leases and Lease Expense | Information related to the Company's leases is presented below:
|  |  | December 31,
| Classification |  | 2020 |  | 2019
Right-of-use assets: |  |  |  |  |
Operating leases | Operating lease right-of-use assets |  | $ | 49,537 |  | $ | 32,539
Finance leases | Premises and equipment, net |  | 1,588 |  | — |
Total right-of-use assets |  |  | $ | 51,125 |  | $ | 32,539
Lease liabilities: |  |  |  |  |
Operating leases | Operating lease liabilities |  | $ | 55,187 |  | $ | 35,525
Finance leases | Borrowings |  | 1,598 |  | —
Total lease liabilities |  |  | $ | 56,785 |  | $ | 35,525
Weighted average remaining lease term (in years) - operating |  |  | 12.2 |  | 14.1
Weighted average remaining lease term (in years) - finance |  |  | 14.4 |  | 0.0
Weighted average discount rate - operating |  |  | 2.65 | % |  | 3.44 | %
Weighted average discount rate - finance |  |  | 1.76 | % |  | — | %
The components of total lease expense included in the consolidated statements of income were as follows:
|  |  |  | Year Ended
|  |  |  | December 31,
|  |  |  | Classification |  | 2020 |  |  | 2019 |
Operating lease costs |  |  |  |  |  |  |  |
Amortization of right-of-use asset |  |  |  | Occupancy and equipment |  | $ | 6,228 |  |  | $ | 5,057 |
Short-term lease cost |  |  |  | Occupancy and equipment |  | 456 |  |  | 365 |
Variable lease cost |  |  |  | Occupancy and equipment |  | 602 |  |  | 682 |
Finance lease costs |  |  |  |  |  |  |  |
Interest on lease liabilities |  |  |  | Interest expense on borrowings |  | 11 |  |  | — |
Amortization of right-of-use asset |  |  |  | Occupancy and equipment |  | 43 |  |  | — |
Lease impairment |  |  |  | Merger costs |  | 2,142 |  |  | — |
Total lease cost |  |  |  |  |  | $ | 9,482 |  |  | $ | 6,104 |
Schedule of Maturity Analysis of Operating Lease Liabilities | A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of December 31, 2020 is as follows:
| Operating |  | Finance
| Leases |  | Leases
Lease payments due: |  |  |
December 31, 2021 | $ | 8,042 |  |  | $ | 115 |
December 31, 2022 | 7,693 |  |  | 116 |
December 31, 2023 | 6,302 |  |  | 118 |
December 31, 2024 | 5,625 |  |  | 120 |
December 31, 2025 | 4,972 |  |  | 121 |
Thereafter | 34,053 |  |  | 1,225 |
Total undiscounted future minimum lease payments | 66,687 |  |  | 1,815 |
Less: imputed interest | (11,500) |  |  | (217) |
Net lease liability | $ | 55,187 |  |  | $ | 1,598 |
Schedule of Maturity of Finance Lease Liabilities | A maturity analysis of operating and finance lease liabilities and a reconciliation of undiscounted cash flows to the total lease liability as of December 31, 2020 is as follows:
| Operating |  | Finance
| Leases |  | Leases
Lease payments due: |  |  |
December 31, 2021 | $ | 8,042 |  |  | $ | 115 |
December 31, 2022 | 7,693 |  |  | 116 |
December 31, 2023 | 6,302 |  |  | 118 |
December 31, 2024 | 5,625 |  |  | 120 |
December 31, 2025 | 4,972 |  |  | 121 |
Thereafter | 34,053 |  |  | 1,225 |
Total undiscounted future minimum lease payments | 66,687 |  |  | 1,815 |
Less: imputed interest | (11,500) |  |  | (217) |
Net lease liability | $ | 55,187 |  |  | $ | 1,598 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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